`Pharma, retail and healthcare sectors lead in salary hikes'

MUMBAI: While the average salary hikes seen have witnessed a drop, certain sectors like pharma, retail and healthcare lead in the increments doled out, according to Wisdomjobs.com, an end to end online recruitment and career solutions portal.

Ranking on top is pharma at 10.9 per cent followed by healthcare and retail sector at 10.8 per cent. This is followed by hospitality and IT with 9.9 per cent and 9.8 per cent salary hike, respectively, while FMCG and telecom gave a hike of 9.6 per cent. Employees in infrastructure and manufacturing got salary hikes of 9.2 per cent and 9 per cent respectively.

The portal released a survey on ‘Salary Trends & Attrition rates in Q1 (April-June 2017)’, which was conducted across 120 companies from 10 industries i.e. healthcare, BFSI, hospitality, retail, FMCG, pharma, IT, telecom, and manufacturing; to comprehend the deferring of the appraisals, says a release.

According to this year’s report, appraisals were hugely impacted by the uncertainty gripping most of sectors with respect to hiring and lesser job opportunities. Most industries witnessed conservative appraisals that were considerably lower than the two-digit salary hikes seen in the previous year. The IT industry was in the forefront of this with several companies deciding to defer their appraisals for middle and senior level employees.